hi everyone.. i am new to share market and i wanted to know wat do you mean by pledged stock and beneficiary ....????
Pledged stock means , you can get limit to trade on Fno. Limit varies from stock to stock and from broker to broker. normally you can get 75% limit on the value of the share on the previous closing price.If your value of stock comes down , limit will also come dow, if the value of stock or holdings increases then you will get higher limit. The limit will fluctuate according to the markets.
Beneficiary means the shares are held in your demat account, whereas pledged means you are tranferring shares to brokers account and broker has right to sell the shares if you fail to meet their margin